With Telstra Corporation Ltd (ASX: TLS) slashing its dividend last week many income investors are no doubt on the lookout for other dividend options to invest in.
While I think Telstra remains a good option still, some investors may understandably have concerns that FY 2019 might see yet another cut to its dividend as the company comes to terms with a $3 billion gap in its earnings following the completion of the NBN rollout.
Two dividend shares which I think are worth considering today are listed below. Here's why I like them:
Japara Healthcare Ltd (ASX: JHC)
With Australia's population ageing, demand for aged care services is expected to rise substantially over the next two decades. Japara aims to meet this demand by increasing the number of places under management significantly over the next few years.
I believe this should result in above-average earnings growth, putting it in a position to grow its dividend which currently provides investors with a trailing 5.6% yield. But with its full-year results just around the corner, investors might want to consider holding out until the announcement has been made.
Mantra Group Ltd (ASX: MTR)
Whilst its yield may not be comparable to Telstra's even after the telco giant made its cut, I still believe the 3.5% fully franked dividend on offer with this leading accommodation provider's shares makes it worth considering.
Especially given its strong growth prospects thanks to its Art Series acquisition and the tourism boom. As demand for accommodation picks up, I believe Mantra will experience high occupancy levels and enjoy higher room rates.
